HELRO
ActiveSummary
HELRO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €355k and a net result of €12k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 95% of 8095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 21.37 against 20.47 in 2023; short-term debt: 1.6% and cash: 18.5% of total assets), and 2.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
97.8%
Return on assets
3.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
41 d early
2022
38 d early
2021
45 d early
2020
51 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€355k▲ 3.4%
2023 · €343k
2018: €270klowest in 7 years
2019: €278k▲ +3.0% vs 2018
2020: €281k▲ +1.2% vs 2019
2021: €306k▲ +8.6% vs 2020
2022: €333k▲ +8.8% vs 2021
2023: €343k▲ +3.1% vs 2022
2024: €355k▲ +3.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€363k▲ 2.2%
2023 · €355k
2018: €429khighest in 7 years
2019: €403k▼ -6.1% vs 2018
2020: €367k▼ -8.8% vs 2019
2021: €366k▼ -0.4% vs 2020
2022: €375k▲ +2.4% vs 2021
2023: €355k▼ -5.3% vs 2022lowest in 7 years
2024: €363k▲ +2.2% vs 2023
2018 → 2024
Net result
€12k▲ 13.1%
2023 · €10k
2018: €9k
2019: €8k▼ -12.5% vs 2018
2020: €3k▼ -59.5% vs 2019lowest in 7 years
2021: €27k▲ +741% vs 2020
2022: €32k▲ +17.9% vs 2021highest in 7 years
2023: €10k▼ -68.1% vs 2022
2024: €12k▲ +13.1% vs 2023
2018 → 2024
Working capital
€119k▲ 8.3%
2023 · €110k
2018: €38klowest in 7 years
2019: €44k▲ +14.2% vs 2018
2020: €49k▲ +11.5% vs 2019
2021: €45k▼ -7.0% vs 2020
2022: €102k▲ +125% vs 2021
2023: €110k▲ +7.4% vs 2022
2024: €119k▲ +8.3% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€281k-€306k▲ 8.6%€333k▲ 8.8%€343k▲ 3.1%€355k▲ 3.4%
2020: €281klowest in 5 years
2021: €306k▲ +8.6% vs 2020
2022: €333k▲ +8.8% vs 2021
2023: €343k▲ +3.1% vs 2022
2024: €355k▲ +3.4% vs 2023highest in 5 years
Operating result€10k-€41k▲ 313%€18k▼ 55.8%€16k▼ 12.4%€16k▲ 3.1%
2020: €10klowest in 5 years
2021: €41k▲ +313% vs 2020highest in 5 years
2022: €18k▼ -55.8% vs 2021
2023: €16k▼ -12.4% vs 2022
2024: €16k▲ +3.1% vs 2023
Net result€3k-€27k▲ 741%€32k▲ 17.9%€10k▼ 68.1%€12k▲ 13.1%
2020: €3klowest in 5 years
2021: €27k▲ +741% vs 2020
2022: €32k▲ +17.9% vs 2021highest in 5 years
2023: €10k▼ -68.1% vs 2022
2024: €12k▲ +13.1% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 3% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €363k
Fixed assets
€238k ▼ 0.6%
Current assets
€124k ▲ 8.0%
Equity and liabilities €363k
Equity
€355k ▲ 3.4%
Debt
€8k ▼ 32.7%
Debt's share of the balance-sheet total falls from 3.3% to 2.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▲
2023 · €18k
Cash flow
€13k▲
2023 · €12k
Current ratio
21.37▲
2023 · 20.47
Debt to equity
0.02▼
2023 · 0.03
ROE
3.3%▲
2023 · 3.0%
ROA
3.2%▲
2023 · 2.9%
Interest coverage
61.94▲
2023 · 21.57
Debt ≤ 1 year
€6k▲
2023 · €6k
Debt > 1 year
€1k▼
2023 · €6k
Income taxes
€6k▲
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€355k€363k▲
Fixed assets21/28€240k€238k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€873€436▼
Financial fixed assets28€237k€237k=
Current assets29/58€115k€124k▲
Amounts receivable within one year40/41€29k€14k▼
Trade receivables40€25k€10k▼
Other amounts receivable41€4k€4k=
Current investments50/53€28k€40k▲
Cash at bank and in hand54/58€46k€67k▲
Deferred charges and accrued income490/1€12k€3k▼
Equity and liabilities
Total equity and liabilities10/49€355k€363k▲
Equity10/15€343k€355k▲
Contributions10/11€7k€7k=
Reserves13€336k€348k▲
Distributable reserves133€336k€348k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€12k€8k▼
Amounts payable after more than one year17€6k€1k▼
Other amounts payable178/9€6k€1k▼
Amounts payable within one year42/48€6k€6k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€909€2k▲
Suppliers440/4€909€2k▲
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€405€687▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€19k€19k▲
Operating profit (loss)9901€16k€16k▲
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€817€287▼
Recurring financial charges65€817€287▼
Profit (loss) for the period before taxes9903€15k€17k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€10k€12k▲
Profit (loss) for the period to be appropriated9905€10k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€12k▲
Transfer to equity691/2€10k€12k▲
To other reserves6921€10k€12k▲
Profit to be distributed694/7€0-
Directors or managers695€0-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €13k | €3k | €2k | €1k | ▼ 18.4% |
| Other operating charges640/8 | - | €1k | €1k | €1k | €1k | ▲ 2.9% |
| Gross operating margin9900 | €43k | €55k | €22k | €19k | €19k | ▲ 1.1% |
| Operating profit (loss)9901 | €10k | €41k | €18k | €16k | €16k | ▲ 3.1% |
| Financial income75/76B | - | €0 | €27k | €0 | €1k | ▲ 5,878,150% |
| Recurring financial income75 | €0 | €0 | €27k | €0 | €1k | ▲ 5,878,150% |
| Financial charges65/66B | - | €3k | €2k | €817 | €287 | ▼ 64.8% |
| Recurring financial charges65 | €4k | €3k | €2k | €817 | €287 | ▼ 64.8% |
| Profit (loss) for the period before taxes9903 | €6k | €38k | €43k | €15k | €17k | ▲ 14.6% |
| Income taxes67/77 | €3k | €10k | €11k | €5k | €6k | ▲ 17.8% |
| Profit (loss) for the period9904 | €3k | €27k | €32k | €10k | €12k | ▲ 13.1% |
| Profit (loss) for the period to be appropriated9905 | €3k | €27k | €32k | €10k | €12k | ▲ 13.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €367k | €366k | €375k | €355k | €363k | ▲ 2.2% |
| Fixed assets21/28 | €289k | €289k | €240k | €240k | €238k | ▼ 0.6% |
| Tangible fixed assets22/27 | €52k | €52k | €3k | €3k | €2k | ▼ 47.6% |
| Furniture and vehicles24 | - | €48k | €1k | €2k | €1k | ▼ 46.6% |
| Other tangible fixed assets26 | - | €4k | €2k | €873 | €436 | ▼ 50.0% |
| Financial fixed assets28 | €237k | €237k | €237k | €237k | €237k | = |
| Current assets29/58 | €79k | €77k | €135k | €115k | €124k | ▲ 8.0% |
| Amounts receivable after more than one year29 | - | €7k | €0 | - | - | - |
| Other amounts receivable291 | - | €7k | €0 | - | - | - |
| Stocks and contracts in progress3 | €555 | €555 | €0 | - | - | - |
| Stocks30/36 | - | €555 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €7k | €2k | €75k | €29k | €14k | ▼ 52.1% |
| Trade receivables40 | - | €2k | €75k | €25k | €10k | ▼ 60.9% |
| Other amounts receivable41 | - | €86 | €28 | €4k | €4k | = |
| Current investments50/53 | - | - | - | €28k | €40k | ▲ 42.9% |
| Cash at bank and in hand54/58 | €33k | €52k | €52k | €46k | €67k | ▲ 47.0% |
| Deferred charges and accrued income490/1 | - | €16k | €8k | €12k | €3k | ▼ 73.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €367k | €366k | €375k | €355k | €363k | ▲ 2.2% |
| Equity10/15 | €281k | €306k | €333k | €343k | €355k | ▲ 3.4% |
| Contributions10/11 | - | €7k | €7k | €7k | €7k | = |
| Reserves13 | €275k | €299k | €326k | €336k | €348k | ▲ 3.5% |
| Distributable reserves133 | - | €299k | €326k | €336k | €348k | ▲ 3.5% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €86k | €60k | €42k | €12k | €8k | ▼ 32.7% |
| Amounts payable after more than one year17 | €55k | €28k | €9k | €6k | €1k | ▼ 76.0% |
| Financial debts170/4 | - | €16k | €0 | - | - | - |
| Other amounts payable178/9 | - | €12k | €9k | €6k | €1k | ▼ 76.0% |
| Amounts payable within one year42/48 | €30k | €32k | €33k | €6k | €6k | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | - | €21k | €16k | €0 | - | - |
| Trade debts44 | €5k | €1k | €2k | €909 | €2k | ▲ 94.7% |
| Suppliers440/4 | - | €1k | €2k | €909 | €2k | ▲ 94.7% |
| Taxes, remuneration and social security45 | - | €6k | €10k | €5k | €4k | ▼ 14.1% |
| Taxes450/3 | - | €6k | €10k | €5k | €4k | ▼ 14.1% |
| Other amounts payable47/48 | - | €3k | €5k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €609 | €422 | €405 | €687 | ▲ 69.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €27k | €32k | €10k | €12k | ▲ 13.1% |
| + Depreciation and write-downs630 | €32k | €13k | €3k | €2k | €1k | ▼ 18.4% |
| Operating cash flow (approximation) | €35k | €41k | €35k | €12k | €13k | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | €-13k | €47k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €19k | €281 | €-6k | €21k | ▲ 431% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
31-03
State Gazette act
General meeting · Purpose change
Corporate purpose · Statutes amendment · Gwenn SWENTERS
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 5current ratio 20.47
Current ratio from 4.08 to 20.47; short-term debt falls from €33k to €6k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €32k ▲17.9%
Net result €32k, the highest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €3k ▼59.5%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maaseik · 1 establishment unit since 2001
Ground area
1,925 m²
Building footprint
563 m²
Volume, LiDAR
5,000 m³
Parcel 72021A1401/00A002, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Hans Memlingstraat 12, 3680 Maaseik
since 20012.100.221.036
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021A1401/00A002 | Flanders | 1,925 m² | 1 · 563 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,135 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62100Computer programming
68201Renting and operating of own or leased residential real estate, excluding social housing
73110Advertising agencies
74999Other professional, scientific and technical activities
82100Office administrative and support services
82400Office administrative, office support and other business support activities
82990Other business support services
96999Other personal services
Contact
Phone
0478/44 00 42Maaseik
Scores and ratios are computed by Checked and are not a credit decision.